Redeia Corporación (OTCMKTS:RDEIY) Upgraded by BNP Paribas to Strong-Buy Rating

BNP Paribas upgraded shares of Redeia Corporación (OTCMKTS:RDEIY) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Redeia Corporación Trading Down 0.7 %

Shares of RDEIY stock opened at $8.85 on Monday. The firm has a fifty day moving average price of $9.07 and a 200 day moving average price of $9.10. Redeia Corporación has a 12 month low of $7.68 and a 12 month high of $9.78.

Redeia Corporación Company Profile

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).